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Jan 19, 2013
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ceiling. >> that's ultimately worse than raising the debt ceiling is having default or crisis. the government gets their debt rating lowered again to the point they can't get lower rates, that means the mortgages rates and housing is coming back. it would be great to control the debt with the debt ceiling. as you see through history, examples given it doesn't work at all. it becomes a political football, the other party not it in power, decides it's an of important thing. and president obama used to hate the debt ceilings. it's time to build something that controls the deficit properly and not arbitrary. >> brenda: toby, doesn't this basically give a blank check to washington saying we don't need a limit. at least when we have a limit we're forced to look at that number and realize how much we're borrowing. >> if that logic were true, they wouldn't have passed any of the spending stuff. first off, two countries in the world, united states and sweden who have a debt ceiling. people got rid of it, because what jonas is saying, it's political. and the second issue is, i don't want
ceiling. >> that's ultimately worse than raising the debt ceiling is having default or crisis. the government gets their debt rating lowered again to the point they can't get lower rates, that means the mortgages rates and housing is coming back. it would be great to control the debt with the debt ceiling. as you see through history, examples given it doesn't work at all. it becomes a political football, the other party not it in power, decides it's an of important thing. and president...
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Jan 17, 2013
01/13
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is raise the debt ceiling with no change in the future? that is actually an absurd argument i don't think any householder in a state run well operates like that. >> house budget committee chairman spoke to reporters a short while ago saying this to work in the strategies on all this trying to identify the spending cuts that they want to include any increase in the debt ceiling. also says despite what some pessimist might say, house republicans still plan to pursue tax reform this year in the house. whew. melissa: it'll be interesting to see the hold up on anything real on the spending cuts side. thank you so much. lori: the anticipation builds. there seems little hope for social security and medicare reform on capitol hill. a group of u.s. have come up and created a plan including raising the age of eligibility for full retirement benefits from 66 to 70 with the way cost adjustments were measured. the plan calls for bumping age of eligibility from 65 to 70 and reducing the benefits available for wealthier participants. sounds good to me. i
is raise the debt ceiling with no change in the future? that is actually an absurd argument i don't think any householder in a state run well operates like that. >> house budget committee chairman spoke to reporters a short while ago saying this to work in the strategies on all this trying to identify the spending cuts that they want to include any increase in the debt ceiling. also says despite what some pessimist might say, house republicans still plan to pursue tax reform this year in...
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Jan 15, 2013
01/13
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yesterday politico reporting that house gop members are gearing up for a fight over the debt ceiling, but now you have people like newt gingrich, choice of reason in the wilderness. let's play the sound. he is advocating for them not to fight over this. >> it's a threat they can't sustain. no one is going to default. no one is going to allow the united states to not pay its bills. they have much better news to fight over spending. they have a continuing resolution that funds government, which comes up at the end of march, and they have this sequester that automatically cuts spending. >> gingrich isn't saying lay down your arms, but he is saying there are better battles ahead. >> he is saying you're going to lose this debt fight because -- he has said previously that the entire global world of finance is going to come into washington the week before the debt ceiling is hit and they're going to pressure you to cave. i actually disagree with andrew here. i think that the scenario that mcconnell laid out in that obama is willing to take is a much smarter approach because as of now, raisin
yesterday politico reporting that house gop members are gearing up for a fight over the debt ceiling, but now you have people like newt gingrich, choice of reason in the wilderness. let's play the sound. he is advocating for them not to fight over this. >> it's a threat they can't sustain. no one is going to default. no one is going to allow the united states to not pay its bills. they have much better news to fight over spending. they have a continuing resolution that funds government,...
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ceiling should republicans in the house not at a statement from the treasury released on saturday read neither the treasury department nor the federal reserve believes that the walk and or should be used to facilitate the production of platinum coins for the first purpose of avoiding an increase in the debt limit and with that the best chance for ronald reagan a man who ran up a lot of our debt the first place to stablish the practice to have his face put on the u.s. coin was lost white house spokesman jay carney said that there's no backup plan it's just up to congress to raise the debt limit in other words the fate of the entire global economy is in the hands of house republicans the concern to be very concerned. just. the. it's the good the bad and the very very. goal is slowly. the good san diego mayor bob filner filner has memos designing and code enforcement officers in san diego ordering them to end all code actions against medical marijuana facilities in that city filner is also encouraging the city council to take up the issue of formal zoning rules for medical marijuana distr
ceiling should republicans in the house not at a statement from the treasury released on saturday read neither the treasury department nor the federal reserve believes that the walk and or should be used to facilitate the production of platinum coins for the first purpose of avoiding an increase in the debt limit and with that the best chance for ronald reagan a man who ran up a lot of our debt the first place to stablish the practice to have his face put on the u.s. coin was lost white house...
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Jan 23, 2013
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the debt ceiling can originate in either house, the senate finance committee could generate a debt ceiling proposal and they could do it if they wanted to. try to embrace some spending reductions, but i think what the house is saying is they are hoping to act soon as maybe tomorrow and it will be incumbent upon the senate majority to function. we look forward to seeing what the senate democrats recommend. we look forward to seeing what they recommend. it's time for them to function. [inaudible conversations] >> as all of you know, the majority of the senate will determine what the majority is and we will be happy to look at what the majority leaders will bring forward to the full senate. >> what did you think of the presidential inaugural address? >> i think it was disappointing i don't think it's a great way to start off a second term. i think it is quite disturbing. [inaudible conversations] >> welcome back, everyone. let's have a celebration. the first time we have been able to sit down together as a group. we have more female members serving now than ever before. we have so many issues
the debt ceiling can originate in either house, the senate finance committee could generate a debt ceiling proposal and they could do it if they wanted to. try to embrace some spending reductions, but i think what the house is saying is they are hoping to act soon as maybe tomorrow and it will be incumbent upon the senate majority to function. we look forward to seeing what the senate democrats recommend. we look forward to seeing what they recommend. it's time for them to function. [inaudible...
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Jan 18, 2013
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republicans are going to take up next week a short-term debt ceiling extension. is it too short? does this get us past the hump? >> well, you know, look, this is an attempt by republicans to acknowledge that in a way president obama has won on the i won't negotiate. >> it's not ending the problem, but it is an acknowledgment by house republicans that having that fight right now is not one that is politically advantageous for them, and not advantageous for the country. it does not mean, however -- obviously, it does not mean that we may not have down the road in three months time, and now kind of mid to late spring, we may not have the fight we are expecting to have next month. >> only 44% disapproval rating for the president. that's a pretty good head of steam going in. real concerns about whether the president and congress can do mying about the economy, which is job one. >> the vast majority say it's in the wrong direction. there is a pessimism, is the best word i can use, about the deposit's willingness and i think even more worrisome ability to fix the proble
republicans are going to take up next week a short-term debt ceiling extension. is it too short? does this get us past the hump? >> well, you know, look, this is an attempt by republicans to acknowledge that in a way president obama has won on the i won't negotiate. >> it's not ending the problem, but it is an acknowledgment by house republicans that having that fight right now is not one that is politically advantageous for them, and not advantageous for the country. it does not...
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Jan 22, 2013
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debt ceiling. they say they will raise the $16.4 trillion cap enough to extend the debt ceiling to mid-may. on march 1st, you have the sequester, when the spending cuts will kick in. about $85 billion of cuts automatically to defense and domestic spending. the risk there is a drag to the gdp. on the 27th, current law on the government funding runs out that forces a drama over a continuing resolution, or you face the risk of a government shut down. on april 15th, that's the date by which the house would force congress to pass a budget or see their pay cut. the risk there, of course, is members of congress might have to go quite some time without a paycheck. tyler? >> thank you very much, eamonn. >>> the gop originally wanted to tie the debt limit raise to spending cuts. so are republicans backing down as some in their own party say or is it just a shift in tactics? scott garrett is back with us, a republican from new jersey and vice chair of the house budget committee. welcome back. great to see you
debt ceiling. they say they will raise the $16.4 trillion cap enough to extend the debt ceiling to mid-may. on march 1st, you have the sequester, when the spending cuts will kick in. about $85 billion of cuts automatically to defense and domestic spending. the risk there is a drag to the gdp. on the 27th, current law on the government funding runs out that forces a drama over a continuing resolution, or you face the risk of a government shut down. on april 15th, that's the date by which the...
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Jan 22, 2013
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also, house leadership on the debt ceiling, what's the next move there? former white house economic adviser todd buckles will be with us. thank you fowatching. see you right back here tomorrow. have a good nigh ♪ lou: good evening, everyone. president obama today delivered his second and final inauguration speech in front of an estimated crowd of a million people. nearly half of the 1.8 million who saw the president's swearing in back in 2009. president obama marking the occasion, pushing the liberal concept of more government taking campaign style jabs at his political opponents all the while. >> progress is not compel us to settle, century's long debates about the role of government for all time, but it does require us to act in our time. [applause] for now, decisions are upon us. we can want afford delay. we can want mistake absolutism for principle. substitute speck tack kl for politics or treat name calling for reasoned debate. [applause] we must act. we must act knowing that our work will be unperfect. we must act knowing that today's victoryings
also, house leadership on the debt ceiling, what's the next move there? former white house economic adviser todd buckles will be with us. thank you fowatching. see you right back here tomorrow. have a good nigh ♪ lou: good evening, everyone. president obama today delivered his second and final inauguration speech in front of an estimated crowd of a million people. nearly half of the 1.8 million who saw the president's swearing in back in 2009. president obama marking the occasion, pushing the...
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Jan 19, 2013
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the republican house are backing away from that saying, fine, we're going to extend this debt ceiling. we're going to pass something for a short period of time but in the interim we better get sot cuts. >> you're talking about what the house republicans put out today. isn't -- i hate to use the term -- kicking the can down the road. isn't this just taking us back to where we were before, delaying the inevitable? >> yes, but it's not just about the debt ceiling. this is one of the reasons the inauguration comes at such a dreary times. we just had this boring fight. >> i thought it was exciting . >> that's not exciting lemplet -- that's not exciting. >> he clearly has a different idea of exciting. >> there was a fight about the sequester and the regular roll budget. the debt ceiling is one where real ugly consequences were likely to happen. an they were likely to get blamed. they want to move that to the last of fights. . it's still going to be the same fight over how do you distribute resources in the time of scarcity? >> president obama stared them down on this. he said i'm not going
the republican house are backing away from that saying, fine, we're going to extend this debt ceiling. we're going to pass something for a short period of time but in the interim we better get sot cuts. >> you're talking about what the house republicans put out today. isn't -- i hate to use the term -- kicking the can down the road. isn't this just taking us back to where we were before, delaying the inevitable? >> yes, but it's not just about the debt ceiling. this is one of the...
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Jan 19, 2013
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ceiling. in a big shift today, house republicans said they will vote to lift the limit for three months, but on the condition that the senate passes a budget. wall street liked this idea. the dow finished up almost 54 points to hit its highest closing level since december 10th of '07. nasdaq finished with a small loss. s&p 500 was up 5 points. also at five-year highs. >>> in washington tonight, it's starting to feel like a city that's about to host an inauguration. for the 57th time in the history of our republic, and host hundreds of thousands of people on a cold monday in january. our white house correspondent, peter alexander, is in lafayette park across from the white house, in front of the reviewing stand tonight. peter, good evening. >> reporter: brian, good evening to you. those are the best seats in the house, for a variety of reasons, including the fact they have heat. that's where the president and the first family will be watching monday's parade. the second obama inaugural is expec
ceiling. in a big shift today, house republicans said they will vote to lift the limit for three months, but on the condition that the senate passes a budget. wall street liked this idea. the dow finished up almost 54 points to hit its highest closing level since december 10th of '07. nasdaq finished with a small loss. s&p 500 was up 5 points. also at five-year highs. >>> in washington tonight, it's starting to feel like a city that's about to host an inauguration. for the 57th...
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Jan 20, 2013
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we just heard the house republicans are going to try to negotiate a short-term debt ceiling deal so they can try to go for a grand bargain. second-term presidencies have just been spent and filled with misspent political capital that has just overreach in terms of presidents looking for a legacy and overspending their political capital. that's the risk president obama -- >> interesting in this cnn poll that just come out, how is president obama handling his job as president, approve 53%, disapprove 42%. a plus for him. but when they are asked how is the country headed, right direction 35%, wrong direction, 57%. they approve of the president but think he's going completely in the wrong direction. he's a lucky boy, many would argue, that he's gotten a second term, given the state of the economy, given the fact that most americans think the country is going in the wrong direction. he's been given that lucky second chance. and he campaigned well. you have to acknowledge him that. what are his challenges in the second term? >> the first thing every president has to be careful of in a second t
we just heard the house republicans are going to try to negotiate a short-term debt ceiling deal so they can try to go for a grand bargain. second-term presidencies have just been spent and filled with misspent political capital that has just overreach in terms of presidents looking for a legacy and overspending their political capital. that's the risk president obama -- >> interesting in this cnn poll that just come out, how is president obama handling his job as president, approve 53%,...
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. >> reporter: the debt ceiling deadline is just one of three budget showdowns the white house and congress face in the coming months. house speaker john boehner said if laws do not tackle the debt and spending at the same time, it will cost americans jobs. in a statement, senate minority leader mitch mcconnell said "the president and his allies need to get serious about spending." danielle nottingham, cbs news, the white house. >>> military suicides have reached record levels. so bad that the secretary of defense calls it an epidemic. the pentagon says there were 349 suicides among active duty personnel last year. that's more than the number of combat deaths in afghanistan. experts say iraq and afghanistan war veterans suffering from depression and post traumatic stress are at the highest risk. >>> secretary of state hillary clinton will testify next week about the deadly attack on the u.s. mission in libya. clinton will appear before the house foreign affairs committee. she had been scheduled to testify last month. that was canceled when she fell and suffered a concussion. four americans
. >> reporter: the debt ceiling deadline is just one of three budget showdowns the white house and congress face in the coming months. house speaker john boehner said if laws do not tackle the debt and spending at the same time, it will cost americans jobs. in a statement, senate minority leader mitch mcconnell said "the president and his allies need to get serious about spending." danielle nottingham, cbs news, the white house. >>> military suicides have reached record...
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Jan 16, 2013
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clear there is no alternative rational reason for raising the debt ceiling. and on the republican side, susan colins recognized it needed to be raised. that has already occurred. another item coming out of alaska on lisa murkowski, republican senator. at a news board meeting on january 9th, says she doesn't think the debt limit should be used for political leverage. she said not all of her colleagues in the senate will say it out loud. but she believes most agree that failing to raise the debt limit would harm perception of the country. jared bernstein, the momentum seems to be building for increasing insanity on the republican side on this question in congress. >> which is a good thing, one of the lessons here -- and it is interesting, you know, basically if rush limbaugh is upset about this, that means something probably good is happening in politics. >> yes, yes. >> and kind of -- you are really seeing a division within the republicans, obviously, between those who are just very stuck in kind of a mentality towards their base that is obviously very destruc
clear there is no alternative rational reason for raising the debt ceiling. and on the republican side, susan colins recognized it needed to be raised. that has already occurred. another item coming out of alaska on lisa murkowski, republican senator. at a news board meeting on january 9th, says she doesn't think the debt limit should be used for political leverage. she said not all of her colleagues in the senate will say it out loud. but she believes most agree that failing to raise the debt...
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Jan 16, 2013
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focusing on the debt ceiling makes the message more difficult. when i asked walden about the debt ceiling yesterday, he was clearly noncommittal, hinting on where the republican leadership maybe is on this. if there's not a majority in the house republican to raise the debt limit, but there is a majority in the house of representatives to raise a clean debt limit, would this leadership be willing to do that? >> you know, let's look at how do we avoid default on america and american's debt. how do we avoid these issues that are going to bankrupt the country long-term? >> boehner may come under pressure, though, from some conservative groups, but in the latest sign he may have some wiggle room, in a political op-ed this morning, the leaders of the club for growth, heritage action, and the family research counsel called for, quote, insisting that washington not raise the debt ceiling unless our nation gets on a path to a balanced budget within ten years that stays balanced. that is far from a don't raise the debt ceiling ultimatum. boehner has now s
focusing on the debt ceiling makes the message more difficult. when i asked walden about the debt ceiling yesterday, he was clearly noncommittal, hinting on where the republican leadership maybe is on this. if there's not a majority in the house republican to raise the debt limit, but there is a majority in the house of representatives to raise a clean debt limit, would this leadership be willing to do that? >> you know, let's look at how do we avoid default on america and american's...
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has passed the debt ceiling extension. the measure has to go onto the senate. we'll be keeping an eye on things. >>> meanwhile, you can spend a lot of time, actually, when you're looking for the best of foods, the finest extra-virgin olive oil. you might not be getting what you paid for. experts say food fraud is on the rise. cat is the managing editor of eatocracy. what is food fraud and how serious is this problem? >> we've been sort of joking if you are what you eat, you're having a bit of an identity crisis right now. there was a study just published today where 800 food items were added to the food fraud database. that is a 60% increase from last year. what it boils countries down to is producers of very common ingredients are substituting parts of what you think you're getting. they might be diluting, they might be subbing in a whole different substance. they're trying to cut down on their costs, get more money out of your pocket and defraud you by not telling you what you are getting and paying for. >> what are some
has passed the debt ceiling extension. the measure has to go onto the senate. we'll be keeping an eye on things. >>> meanwhile, you can spend a lot of time, actually, when you're looking for the best of foods, the finest extra-virgin olive oil. you might not be getting what you paid for. experts say food fraud is on the rise. cat is the managing editor of eatocracy. what is food fraud and how serious is this problem? >> we've been sort of joking if you are what you eat, you're...
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Jan 23, 2013
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the debt ceiling can originate from either house. the senate finance committee could generate a gut feeling proposal. it would be incumbent upon the senate majority to function. what is their idea about raising the debt ceiling. we look forward to seeing what the democrats recommend. look forward to seeing what they recommend and it's time for them to function. [inaudible conversations] >> i'm sure that we would be happy to try to take a look at what the majority leaders would bring forward in the senate. >> would you think of the substance of the president's inaugural address remark. >> well i, i think that inaugural address was disappointing. it is basically a liberal agenda. spending and debt is the definition of our era. >> welcome back, everyone. this is the first time we have sat down together as a group. and we have our agenda for the coming months and this congress. the site entrance excited to see all these new senators. we now have more female members serving than ever before. about a third of our caucuses are made up of wo
the debt ceiling can originate from either house. the senate finance committee could generate a gut feeling proposal. it would be incumbent upon the senate majority to function. what is their idea about raising the debt ceiling. we look forward to seeing what the democrats recommend. look forward to seeing what they recommend and it's time for them to function. [inaudible conversations] >> i'm sure that we would be happy to try to take a look at what the majority leaders would bring...
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Jan 15, 2013
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republicans in the house want spending cuts if the debt ceiling is raised. >>> on wall street, stocks traded mostly sideways as the markets finished mixed. dow industrial gained 18 points. nasdaq dropped 8 weighed down by a decline in apple. the company saw its stocks slump following report apple has cut orsd for iphone 5 components. the report suggests demand for the iphone 5 stagnated relatively quickly. stokss dripped below 500 down $18 and change or 3 and a half percent. apple's all-time high is 700. >>> a bay area pizza chain is giving money back to its workers. ahead in eight minutes how the mistakes it made will be swallowed by customers. >>> the 2013 lease will be priced at just below 29 thousand tlrs. that's a 6 thousand $reduction from the previous model year. based on production of the e lek tris lease sold in the u.s. to tennessee to japan. >>> it's the confession many people have been waiting for. seven-time tour de france winner lance armstrong reportedly admitted to using performance-enhancing drugs. associated press said armstrong confessed in an interview today with o
republicans in the house want spending cuts if the debt ceiling is raised. >>> on wall street, stocks traded mostly sideways as the markets finished mixed. dow industrial gained 18 points. nasdaq dropped 8 weighed down by a decline in apple. the company saw its stocks slump following report apple has cut orsd for iphone 5 components. the report suggests demand for the iphone 5 stagnated relatively quickly. stokss dripped below 500 down $18 and change or 3 and a half percent. apple's...
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Jan 18, 2013
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if the house can pass a clean debt ceiling increase and meeting the existing obligations we will be happy to consider it. here we are as i said three days before inauguration and it looks like another fight that the republicans are not prepared to it seems to follow through on despite the threats. >> zachary and i were having a conversation in the green room and i said i don't understand the meaning of a second inauguration for the president. i get it now. the reason we need another inauguration is apparently one party doesn't understand we had an election in november and they lost. which means that you move on and you let the president be the president of the united states. these guys still want to fight the old battles of 2012. >> but they're giving this extension now. >> a three-month extension. the white house should tell them to go shove it. you can't run a government three months at a time. you have to have a long-term planning. bad for the markets. bad for the country. bad for the economy. let's make clear, definitive decisions. you lost. let's come together and compromise. pass th
if the house can pass a clean debt ceiling increase and meeting the existing obligations we will be happy to consider it. here we are as i said three days before inauguration and it looks like another fight that the republicans are not prepared to it seems to follow through on despite the threats. >> zachary and i were having a conversation in the green room and i said i don't understand the meaning of a second inauguration for the president. i get it now. the reason we need another...
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Jan 15, 2013
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if the debt ceiling negotiable. some quick comments -- remember, you can post your comments on twitter. the first phone call is from maryland, a democratic caller, jill. caller: i don't believe the debt ceiling is negotiable. it is kind of ridiculous that the money is already owed, so why are we not going to pay what is owed to other people? if people have made investments, the bills have to be paid. i find it ridiculous that people in congress don't want to pay what is already owed. it does not make sense. host: here is the wall street journal this morning. caller: well, if you're asking me if that's true, i think there definitely needs to be somewhat of a compromise as far as spending cuts, but that is not an easy issue, because spending cuts mean job losses. it's not an easy thing to say a president will say we will stop paying the bills too. so there has to be compromised rehab the debt ceiling and some degree of trimming the fat, but i don't know how that is going to happen with congress refusing to compromise.
if the debt ceiling negotiable. some quick comments -- remember, you can post your comments on twitter. the first phone call is from maryland, a democratic caller, jill. caller: i don't believe the debt ceiling is negotiable. it is kind of ridiculous that the money is already owed, so why are we not going to pay what is owed to other people? if people have made investments, the bills have to be paid. i find it ridiculous that people in congress don't want to pay what is already owed. it does...
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Jan 23, 2013
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the house voting today to extend the debt ceiling. we're in washington with a congresswoman who will have just cast her vote. >>> and you have heard by now that housing is recovering, but how do you make money in the rebound? we have some stocks that have benefited from the home renovation boom. we'll tell you which ones they are and whether you should be in or out. >>> speaking of being in or out, personal finance website learnvest shares its stories on a new version of "the power pitch" that's all today in a quarter half. now back to scott. >> it is the other big earnings report after the bell, netflix. the company has beaten the street the last eight quarters in a row and the stock has been on a tear. which means expectations are high. so let's take positions ahead of today's results. pete, what are we looking for here ? >> the four was all about the content, the buying of the content. now you need streaming subs to pay for it. >> and you have to have a number between a million and a half and two. if they can get in that range that
the house voting today to extend the debt ceiling. we're in washington with a congresswoman who will have just cast her vote. >>> and you have heard by now that housing is recovering, but how do you make money in the rebound? we have some stocks that have benefited from the home renovation boom. we'll tell you which ones they are and whether you should be in or out. >>> speaking of being in or out, personal finance website learnvest shares its stories on a new version of...
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Jan 23, 2013
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now, the battles begin in earnest tomorrow when the house is expected to vote on the debt ceiling bill and when secretary of state hillary clinton will face some tough questions from congressional committees when she appears before them to talk about the terrorist attack in benghazi. brian? >> kristen welker on the white house north lawn tonight, thanks. >>> late word tonight that top u.s. commander in afghanistan, general john allen, has been cleared of engaging in any inappropriate behavior regarding his e-mail exchanges with the woman from tampa, jill kelley. this case came to light originally as part of the petraeus affair. and an investigation was launched. >>> the u.s. state department confirms today three americans were indeed killed during that four-day hostage standoff in algeria. seven americans were able to make it out safely. the algerian government says in all, 38 hostages of different nationalities and 29 islamic militants died in the standoff. five people are still unaccounted for. >>> in this country, the weather is making news tonight, specifically the cold. over two-t
now, the battles begin in earnest tomorrow when the house is expected to vote on the debt ceiling bill and when secretary of state hillary clinton will face some tough questions from congressional committees when she appears before them to talk about the terrorist attack in benghazi. brian? >> kristen welker on the white house north lawn tonight, thanks. >>> late word tonight that top u.s. commander in afghanistan, general john allen, has been cleared of engaging in any...
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. >> the house is getting set to vote on the republican debt ceiling proposal tomorrow. that delays the debt ceiling increase or increases the debt ceiling really until may 19th. it is contingent upon both houses of congress passing a budget or members of congress won't receive their paychecks, something the house votes on tomorrow. back to you. ashley: rich edson in d.c.. rich, thanks very much. tracy: well, president obama touched on many subjects in his inaugural address yesterday including immigration reforms, equal pay for women, and gay rights and climate change but there was one big, glaring omission. he failed to address the nation's current 7.8% unemployment rate. i'm not really sure how you could miss that actually. a big question to the speechwriters with that one. but important milestones coming up in the protracted fiscal negotiations including big vote tomorrow on the house to temporarily extend the debt ceiling now. many americans are wondering what legislators plan to do about jobs. joining us from both sides of the aisle, republican congressman trey gowd
. >> the house is getting set to vote on the republican debt ceiling proposal tomorrow. that delays the debt ceiling increase or increases the debt ceiling really until may 19th. it is contingent upon both houses of congress passing a budget or members of congress won't receive their paychecks, something the house votes on tomorrow. back to you. ashley: rich edson in d.c.. rich, thanks very much. tracy: well, president obama touched on many subjects in his inaugural address yesterday...
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Jan 15, 2013
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for more on the debt debate, will house republicans decide to use the debt ceiling as leverage for spending cuts? we have to bring in gerry seib, "wall street journal" washington bureau chief. gerry, i'm glad you're here. you know what is going on. where are the gop as far as the debt ceiling goes? >> i wish i knew. and i would be happy to tell you if i did but i think there's a choice to be made here. i think they're coming up on a discussion point as you mentioned. retreat later this weekend maybe they will have to decide what the strategy is here. i think republicans have a choice. one to take a stand on the debt ceiling, use that as leverage to try to extract spending cuts out of the white house. or, to not use that because it is a fairly sensitive subject as you've been discussing with market implications. maybe move on to have this showdown over spending, over an actual spending bill, continuing resolution that continues to fund the government which will expire in march. and sequestration, automatic cuts that will kick in about the same time. in other words, is the best tool here to u
for more on the debt debate, will house republicans decide to use the debt ceiling as leverage for spending cuts? we have to bring in gerry seib, "wall street journal" washington bureau chief. gerry, i'm glad you're here. you know what is going on. where are the gop as far as the debt ceiling goes? >> i wish i knew. and i would be happy to tell you if i did but i think there's a choice to be made here. i think they're coming up on a discussion point as you mentioned. retreat...
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Jan 19, 2013
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. >> we're going to change to debt ceiling now. white house leader eric cantor says the gop -- they're going to give them a three-month reprieve, they're going to temporarily approve a debt limit increase. the president said no negotiating on the debt limit ceiling. is this a victory for the president or do you see this as just a postponing of the inevitable standoff? >> it's both. it is a victory for the president, the republicans have been saying, we're not going to raise the debt ceiling unless we have every dollar of the debt ceiling goes to spending of that same amount. they've conceded they're going to extend the debt ceiling without any cuts. but that moves us to now where government funding expires on march 31th. at that point, we'll have a s w showdown in which republicans insist on spending cuts. there will still be some kind of fight. we will have a clock to some kind of catastrophic event that could happen, like we had in december. but it would not be with the debt ceiling. the republicans seem to have conceded to the o
. >> we're going to change to debt ceiling now. white house leader eric cantor says the gop -- they're going to give them a three-month reprieve, they're going to temporarily approve a debt limit increase. the president said no negotiating on the debt limit ceiling. is this a victory for the president or do you see this as just a postponing of the inevitable standoff? >> it's both. it is a victory for the president, the republicans have been saying, we're not going to raise the debt...
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Jan 22, 2013
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ceiling as their main priority and house leaders just unveiled legislation yesterday to extend through the middle of may. without that move, the u.s. could default for the first time ever and the current debt limit is $16 trillion and they do not set a specific limit. they are now shifting gears and they can pressure senate democrats to pass a budget for after four years of failing to do so. they also included provision which says if there is no deal by april 15th, lawmakers do not get paid. but senate has not passed one since 2009 and now the gop feels they have americans on its side. >> americans get it, federal overspending is actually dragging our economy down rather than lifting our families up. >> what they are saying when i see you next, kyla campbell ktvu channel 2 morning news. >>> and you can watch more of president barack obama's inauguration including beyonce say saning the national and them. >>> the man has been identified. police are not exposing his name but he exposed himself on miller treat and last -- heller street. pill have not reviewed the information yet. >>> toda
ceiling as their main priority and house leaders just unveiled legislation yesterday to extend through the middle of may. without that move, the u.s. could default for the first time ever and the current debt limit is $16 trillion and they do not set a specific limit. they are now shifting gears and they can pressure senate democrats to pass a budget for after four years of failing to do so. they also included provision which says if there is no deal by april 15th, lawmakers do not get paid....
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Jan 23, 2013
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the last time the house republicans played political games with the debt ceiling, august 20 11, our economy produced the lowest job growth in three years. during that two-month period, the dow jones plummeted 2,000 points including one of its worst single day drops in history, 635 points on, on august 8. s&p downgrade the u.s. credit rating for the first time in history. leading republicans in june, 2011, criticized the notion of a short-term debt ceiling increase as providing a lack of certainty. the majority leader said, i quote, we feel very strongly that one of the reasons we continue to see an ailing economy is that people have very little confidence, have very little senchity in terms of where we are headed, end of quote. and our ways and means chairman echoed that feeling only days later, saying about the prospect of a short-term debt ceiling increase, in quote, it does not give you certainty. this bill does not give certainty but uncertainty. the action we took new year's day to avoid the fiscal cliff brought our total deficit reduction over the past two years to $2.5 trillion. what
the last time the house republicans played political games with the debt ceiling, august 20 11, our economy produced the lowest job growth in three years. during that two-month period, the dow jones plummeted 2,000 points including one of its worst single day drops in history, 635 points on, on august 8. s&p downgrade the u.s. credit rating for the first time in history. leading republicans in june, 2011, criticized the notion of a short-term debt ceiling increase as providing a lack of...
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Jan 15, 2013
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and speaker of the house john boehner said the consequences of failing to increase the debt ceiling are real but so too are the consequences of allowing our spending problem to go unresolved. the spending and debt issues took most of the president's attention today, but he also turned to the issue of gun violence. after the shootings at an elementary school in newtown connecticut, he appointed vice president biden to come up with recommendations for action. the vice president met with lawmakers today and with groups on both sides of the issue last week. plans to submit proposals by tomorrow. president obama would not discuss specifics today. instead he said this. >> i'm confident that there are some steps that we can take that don't require legislation and that are within my authority as president. and where you get a step that has the opportunity to reduce the possibility of gun violence, then i want to go ahead and take it. >> brown: he conceded that a fight in congress is likely but he hopes that some compromise is is possible. >> the issue here is not whether or not we believe in th
and speaker of the house john boehner said the consequences of failing to increase the debt ceiling are real but so too are the consequences of allowing our spending problem to go unresolved. the spending and debt issues took most of the president's attention today, but he also turned to the issue of gun violence. after the shootings at an elementary school in newtown connecticut, he appointed vice president biden to come up with recommendations for action. the vice president met with lawmakers...
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jared, if president obama were the one holding the debt ceiling hostage, right as the housing, auto, and retail sectors seem to be rebounding, wouldn't the house republicans be calling the president's tactics those of a socialist who wanted to bring down the american economy? >> i think they would, and i appreciate your bringing the economy into it. the president did that yesterday. the more we talk about the debt ceiling after obsessing over the fiscal cliff, the more i look at the whole thing as a massive dangling the key or, you know, don't look over here at the real economy, which is where people would really like policymakers to be dealing, but look at this so-called fiscal crisis which doesn't even exist. the president very clearly, and i thought helpfully, spelled out the numbers yesterday and actually to get from where we are, given the spending cuts and tax increases that we've implemented so far, to where we need to be to stabilize the debt, is not that heavy a lift if we had a functional politics that was actually paying attention to what needs to be done instead of creati
jared, if president obama were the one holding the debt ceiling hostage, right as the housing, auto, and retail sectors seem to be rebounding, wouldn't the house republicans be calling the president's tactics those of a socialist who wanted to bring down the american economy? >> i think they would, and i appreciate your bringing the economy into it. the president did that yesterday. the more we talk about the debt ceiling after obsessing over the fiscal cliff, the more i look at the whole...
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Jan 18, 2013
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house republicans announcing today that they will hold a vote next week to raise the debt ceiling for three months until april 15. but there's a catch: they say within that time the senate and the house must pass budgets outlining their spending priorities for the year. now, that may not sound very difficult, but as republicans like to point out, senate democrats haven't passed a budget since 2009 and republicans say if they don't do so by april 15 then all members of congress should stop getting paid. >> pelley: but, nancy, why would the republicans abandon their demand for dollar-for-dollar spending cuts in exchange for raising the limit? >> well, in part they were worried about getting the blame if there was a default. this way they shift the burden to senate democrats to come up with a budget and they can still call for more spending cuts in three months when this comes up again. in the meantime, everyone gets a bit of breathing room which is why the white house may not have shot down the plan today-- even though they, of course, prefer a long-term extension of the debt ceiling, n
house republicans announcing today that they will hold a vote next week to raise the debt ceiling for three months until april 15. but there's a catch: they say within that time the senate and the house must pass budgets outlining their spending priorities for the year. now, that may not sound very difficult, but as republicans like to point out, senate democrats haven't passed a budget since 2009 and republicans say if they don't do so by april 15 then all members of congress should stop...
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the house could possibly not give the president the power to raise the debt ceiling in february. >> republicans in congress have two choices here. they can act responsibly and pay america's bills or they can act ir responsibly and put america through another economic crisis. >> so you can see what the president is doing. he wants americans to believe the gop is the problem not massive spending. likewise on the gun control issue. the president wants it to come to a head to highlight republican opposition to limiting guns and ammunition. joining us now from washington fox news political analyst brit hume. seems to me presidethe presiden playing politics rather than problem solving. >> i think you have a point he would like to get republicans into it. i would put it a different way in the sense that i think he would be perfectly happy to get the gun control measure that he favors whatever they turn out to be when the recommendations come in to get them past through congress without republican -- successful republican opposition. he would be happy to get the debt limit raised without republicans st
the house could possibly not give the president the power to raise the debt ceiling in february. >> republicans in congress have two choices here. they can act responsibly and pay america's bills or they can act ir responsibly and put america through another economic crisis. >> so you can see what the president is doing. he wants americans to believe the gop is the problem not massive spending. likewise on the gun control issue. the president wants it to come to a head to highlight...
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Jan 21, 2013
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what does the president think of the house republican plan of extending the debt ceiling three months, until april and clean, except for the fact they want to link it to the idea that both the house and the senate pass a budgetnd and if they don't they lose their pay? >> i think -- we don't think short-term is smart for the economy, 2-3 months still has uncertainty and we are very pleased to see the republicans in the house drop their previous position, which was, you know, they were only going to pay the bills, essentially, they racked up if that he got what they wanted from the deep spending cuts in medicare and other programs. so that is progress but what we need to do is, washington needs to start contributing certainty and help to the economy and if you talk to anybody in the country -- >> you will not veto a three-month extension, are you? >> again, i think that there is long term debt and short-term debt. i think we have made progress on the budget and cut spending, in 2011, the budget was cut over a trillion dollars and signed a -- >> you were forced into that by republicans.
what does the president think of the house republican plan of extending the debt ceiling three months, until april and clean, except for the fact they want to link it to the idea that both the house and the senate pass a budgetnd and if they don't they lose their pay? >> i think -- we don't think short-term is smart for the economy, 2-3 months still has uncertainty and we are very pleased to see the republicans in the house drop their previous position, which was, you know, they were only...
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Jan 22, 2013
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half a budget, but raising the debt ceiling for a budget to be named later is to me something i probably won't be able to vote for. >> if you raised it for three months unconditionally, three months from now what principles do you stand on to keep you from raising it again? >> all republicans have been frustrated by the senate failing to pass a budget. speaker boehner's office released inknow graphic about what could have been accomplished since the last budget passed on april 29, 2009. it clouded 179 round trips to the moon. circumnavigating the globe 73 times. leading senate republicans say it's time for the senate to step up. it has been four year since the senate acted on a budget. in fact, if you believe this. many of you have ipads. ipads didn't exist the last time the senate passed a budget. >> the senate majority didn't say no but he didn't fully embrace the house deal either. >> i'm glad that they sent us up a clean -- they are going to send us a clean debt ceiling bill. the other stuff on it, we'll approach it when we need to. glad we're not facing a crisis here in a matter of
half a budget, but raising the debt ceiling for a budget to be named later is to me something i probably won't be able to vote for. >> if you raised it for three months unconditionally, three months from now what principles do you stand on to keep you from raising it again? >> all republicans have been frustrated by the senate failing to pass a budget. speaker boehner's office released inknow graphic about what could have been accomplished since the last budget passed on april 29,...
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is that what he's trying to do on the debt ceiling debate as well. >> you can the white house adopt a divide and conquer strategy for quite a bit of time. there are 85 house republicans who voted yes on the bill and created the margin it needed to pass. here's the interesting thing of those 85 republicans who voted yes. 70 of them came from blue states. states that voted for barack obama over mitt romney last november. in other words the white house is defending on some of these blue-state republicans. that means if the white house can drive a wedge between the blue state republicans and the red state presence he might be able to get dicey piece of legislation through the house. >> john: it seems to be a strategy. where does the debt ceiling fit into this? it just ensures that we pay the bills that we already spent. why are they talking about the two issues as if they're the same? >> why do they do a lot of things. but the question as that vote approaches in february or march whenever it's going to be, there are two questions actually. number one will boehner let a vote happen as he d
is that what he's trying to do on the debt ceiling debate as well. >> you can the white house adopt a divide and conquer strategy for quite a bit of time. there are 85 house republicans who voted yes on the bill and created the margin it needed to pass. here's the interesting thing of those 85 republicans who voted yes. 70 of them came from blue states. states that voted for barack obama over mitt romney last november. in other words the white house is defending on some of these...
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Jan 22, 2013
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tomorrow, the house will vote on increasing the debt ceiling so the u.s. can pay its bills through may. if congress approves, pressure falls on senate democrats to pass their first budget in four years. without one there could be a partial government shut down at the end of march. congressman mike honda is making a pitch. i will explain his proposal when i see you next. back to you. >> thank you. >>> great economic news just coming in right now. u.s. home sales rose to a five- year high last year. that should bode well for the markets. dow jones is down a little bit. right now, the nasdaq also down, but the s&p s&p, posting a little bit of a -- but the s&p posting a little bit of a gain. >>> >>> a young girl is dead, several others injured after a strong earthquake rocked western indonesia. the 5.9 quake struck in the area prove vern overnight. the aftershock came about 27 minutes later. several homes were damaged and a young girl was found dead in her home buried up some trouble. in 2004, you may -- rubble. in 2004, you may remember an earthquake hit that
tomorrow, the house will vote on increasing the debt ceiling so the u.s. can pay its bills through may. if congress approves, pressure falls on senate democrats to pass their first budget in four years. without one there could be a partial government shut down at the end of march. congressman mike honda is making a pitch. i will explain his proposal when i see you next. back to you. >> thank you. >>> great economic news just coming in right now. u.s. home sales rose to a five-...
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debt, it would join standard and poor's, which took that action in 2011 during the last debt ceiling debate. the u.s. house moved to pass a hurricane sandy relief bill this evening. $17 billion would go for immediate recovery in the affected northeastern states. another $33 billion is for long- term spending. some republicans argued that much of the money isn't for emergency relief at all. california's tom mcclintock called for stripping that funding out. >> according to the congressional budget office, more than 90% of this money won't even be spent this year. that's not emergency relief. $16 billion is to quintuple the size of the community development block grant program. that's the slush fund that pays for such dubious projects as doggie day care centers and doesn't even have to be spent in the hurricane area. >> sreenivasan: other republican >> sreenivasan: other republicans joined with most democrats to reject offsetting spending cuts. instead, lawmakers from the northeast urged the house to pass the storm aid now. new york democrat hakeen jeffries said it's already taken too l
debt, it would join standard and poor's, which took that action in 2011 during the last debt ceiling debate. the u.s. house moved to pass a hurricane sandy relief bill this evening. $17 billion would go for immediate recovery in the affected northeastern states. another $33 billion is for long- term spending. some republicans argued that much of the money isn't for emergency relief at all. california's tom mcclintock called for stripping that funding out. >> according to the congressional...
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Jan 22, 2013
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the house majority here toyed with the debt ceiling. and the ramifications were i think not only serious but severe. in terms of job creation, august of 2011 was the worst in the last three years. the market plunged in those two months 2,000 points, and it had in that period the worst single day drop in history. on august 8, it was looking at my notes on very exact, 635 points. the treasury was forced to spend well over $1 billion in interest payments, and i think we all remember so vividly that there was a downgrading of our credit rating. so a postponement of three or four months has more than the potential of some very serious consequences. and so we urge very much that as this committee considers this bill that you remember what happened before, only 18 months ago, and i think you seeing the debt ceiling -- using the debt ceiling for leverage is a mistake. i'll finish with this, because we were at the ways and means committee and i gave the opening statement, and one of the witnesses are talked about gramm-rudman. it was attached to
the house majority here toyed with the debt ceiling. and the ramifications were i think not only serious but severe. in terms of job creation, august of 2011 was the worst in the last three years. the market plunged in those two months 2,000 points, and it had in that period the worst single day drop in history. on august 8, it was looking at my notes on very exact, 635 points. the treasury was forced to spend well over $1 billion in interest payments, and i think we all remember so vividly...
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Jan 16, 2013
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that was from the last time the house republicans threatened the country with defaulting on our debt back in 2011. dennis ross, you probably should have calibrated your place in line a little better. throw a democrat in there ahead of you when you realize that's what you're going to get. get there in time for the repeal prohibition amendment next time. that's more fun. if you have found yourself at home constitutionally -- forgive me, constitutionally incapable of getting excited over having another fight about the debt ceiling this year, if this isn't exciting because it just feels like groundhog day to you, oh my god, i've got reckless brinksmanship fatigue, it is true that it's hard to get excited over something we have done before. it is 2013 now. remember when it happened it was a total disaster. even if you just ignore the political consequences, if you just look at the economic impact, it was a self-imposed economic disaster caused by washington refusing to do something that it needs to do and that it has done dozens of times before. republicans just refused to do it. it was s
that was from the last time the house republicans threatened the country with defaulting on our debt back in 2011. dennis ross, you probably should have calibrated your place in line a little better. throw a democrat in there ahead of you when you realize that's what you're going to get. get there in time for the repeal prohibition amendment next time. that's more fun. if you have found yourself at home constitutionally -- forgive me, constitutionally incapable of getting excited over having...
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house republicans say they will extend the debt ceiling for three months, but if democrats don't agree to a new budget with deep spending cuts by april, members of congress will lose their paychecks. >>> witnesses are testifying at john leopold's trial. one said she believed she would be fired in she didn't dough what he wanted. he's accused of using staff to run personal and political errands. janet owens also took the stand today. >>> let's look at the weather on this weekend before the inauguration. >> it's been bright and sunny today. of course, if you've been outside, you know it's breezy today. we've had some gusts up to 20 miles an hour, the temperatures currently at 38 degrees with the northwesterly wind at 9 miles per hour right now. take a look at the windchill readings currently. feels like 31 in d.c., 29 in gaithersburg. slightly higher values way to the north and west. what it currently feels like. by 5:00 a.m. tomorrow morning, winds will diminish overnight, a bit of wind left hanging around. as low as 15, 16 degrees down around culpepper rap hannic. and you folks up nort
house republicans say they will extend the debt ceiling for three months, but if democrats don't agree to a new budget with deep spending cuts by april, members of congress will lose their paychecks. >>> witnesses are testifying at john leopold's trial. one said she believed she would be fired in she didn't dough what he wanted. he's accused of using staff to run personal and political errands. janet owens also took the stand today. >>> let's look at the weather on this...
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Jan 15, 2013
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ceiling. then this morning former house speaker newt gingrich weighed in saying the gop congress is coming out a loser. >> it's a threat they can't sustain. no one is going to default. no one is going to allow the united states to not pay its bills. no one is going to accept the economic costs. it rallies the entire business community to the president's side. i don't think we should pick fights where we are in a position where we can't in fact in the end enforce our will. we have no evident that barack obama is going to compromise. >> sir, you voted for the deal, but you have also said you wouldn't vote to raise the debt ceiling. are you still firm on that? congressman yoho, can you hear me? >> yeah, go ahead. >> i was saying, yeah, you have said that you will not vote to raise the debt ceiling, however you did vote for the fiscal cliff deal. do you still stand firm on the debt ceiling position? >> we, no, sir, i didn't vote for the fiscal cliff deal. i wasn't sworn in yet. but it's like we've
ceiling. then this morning former house speaker newt gingrich weighed in saying the gop congress is coming out a loser. >> it's a threat they can't sustain. no one is going to default. no one is going to allow the united states to not pay its bills. no one is going to accept the economic costs. it rallies the entire business community to the president's side. i don't think we should pick fights where we are in a position where we can't in fact in the end enforce our will. we have no...
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Jan 18, 2013
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might vote next week to raise the debt ceiling for even three months. there is a very muted reaction and what to watch here are how people are buying etfs. this is the s&p 500. you can buy it in a single stock and you might say, oh, gee, there is a move there to the far right on the upside when the announcement came. but it is a very, very narrow amplitude. very narrow range of trading. that's about three points on the s&p 500. the volume did pick up and we will have volume towards the heavy side today. if you think that is good news pushing the debt ceiling out for stocks and i think generally would you look at it as good news, it certainly is fairly muted here. as for the major indices for the week, what simon was just talking about, there are deeper cyclical changes. big industrial names have been generally outperforming and that is very good news, if you think the global economy, those stocks would more closer would the global economy. >> you get this, this real tight hugging of the flat line friday. monday, tuesday, wednesday and then again today.
might vote next week to raise the debt ceiling for even three months. there is a very muted reaction and what to watch here are how people are buying etfs. this is the s&p 500. you can buy it in a single stock and you might say, oh, gee, there is a move there to the far right on the upside when the announcement came. but it is a very, very narrow amplitude. very narrow range of trading. that's about three points on the s&p 500. the volume did pick up and we will have volume towards the...
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Jan 18, 2013
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the house is set to vote on extending the debt ceiling to april 15 next week. rich edson joining us in virginia were these headlines are crossing from. rich. rich: actually to go much longer than that, three-month extension. longer than april 15. republicans will vote on a bill that extends the debt ceiling for three months, this would be from the time february is supposed to run out between february and march treasury says three months beyond that, debt limit increase that would be contingent on the senate and house passing a budget. for years they have failed to pass a budget, and so the debt ceiling would not increase unless the senate and house passed a budget. also, the bill would include language that if congress does not pass the budget, members, greshamission members were not a paycheck. if not, congress does not get paid. thank you. cheryl: thank you very much. over to you for breaking news. dennis: dow jones report in the u.s. negotiate hostage swaps with terrace. cbs is reporting one american hostage is dead, four others have survived in the algeria
the house is set to vote on extending the debt ceiling to april 15 next week. rich edson joining us in virginia were these headlines are crossing from. rich. rich: actually to go much longer than that, three-month extension. longer than april 15. republicans will vote on a bill that extends the debt ceiling for three months, this would be from the time february is supposed to run out between february and march treasury says three months beyond that, debt limit increase that would be contingent...
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Jan 23, 2013
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melissa: tomorrow is the big day, the house vote on extending the debt ceiling. there is a catch. that means lawmakers won't get paid unless they actually pass a budget. i love it! our panel joins us with their best strategy and the outcome for both the market and the economy. don't go anywhere. more "money" coming up. ♪ officemax can help you drive supply costs down... and down. use your maxperks card and get a 10-ream case of officemax multiuse paper for just 4.99 after maxperks rewards. find thousands of big deals now... at officemax. girl: don't look at me. second girl: your hair's a bit frizzy today. aw! ha ha! you should pick that up. announcer: every day, kids witness bullying. poor you. ha ha! they want to help but don't know how. teach your kids how to be more than a bystander. visit stopbullying.gov. lori: all right. back to business in washington now republicans hold a big vote to whether or not to extend the debt limit until may. if congress doesn't pass a budget by april 15th they no longer get paid! i have no problem with that. our panel is here with their take on
melissa: tomorrow is the big day, the house vote on extending the debt ceiling. there is a catch. that means lawmakers won't get paid unless they actually pass a budget. i love it! our panel joins us with their best strategy and the outcome for both the market and the economy. don't go anywhere. more "money" coming up. ♪ officemax can help you drive supply costs down... and down. use your maxperks card and get a 10-ream case of officemax multiuse paper for just 4.99 after maxperks...
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Jan 22, 2013
01/13
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KRCB
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house will vote wednesday on raising the national debt ceiling. republican leaders announced today the extension lets the government continue borrowing money until may 19. the current debt ceiling-- $16.4 trillion-- could be reached as early as mid-february. the house bill does not specify a new dollar amount. it does mandate that congress approve budgets, or lawmakers won't be paid. major league baseball lost two hall of famers over the weekend. st. louis cardinals great stan musial-- "stan the man"-- died saturday at his home just outside the city. he played 22 years, helping the cards win three world series titles in the 1940's. he was widely regarded as one of game's greatest hitters ever. stan musial was 92 years old. also saturday, former baltimore orioles manager earl weaver passed away, during a caribbean cruise. weaver won the world series in 1970, and took his teams to three others. along the way, he gained fame for his fiery, in-your-face confrontations with umpires. he was ejected from games 91 times over 17 seasons. earl weaver was 82
house will vote wednesday on raising the national debt ceiling. republican leaders announced today the extension lets the government continue borrowing money until may 19. the current debt ceiling-- $16.4 trillion-- could be reached as early as mid-february. the house bill does not specify a new dollar amount. it does mandate that congress approve budgets, or lawmakers won't be paid. major league baseball lost two hall of famers over the weekend. st. louis cardinals great stan musial--...
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Jan 23, 2013
01/13
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KNTV
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. >> will not vote to raise the debt ceiling unless significant efforts are made to fix the under lying problems. >> reporter: senate democrats hint theology pass a budget but not soon. >> approach that when we need to. >> reporter: the white house says even in short term the president will sign pinpoint >> the debt ceiling ought not to be a political football. >> reporter: this republican retreat with one last tanned if they can't compromise lawmakers' paychecks could take a hit. what's still not known is if this is temporary passing this budget and this extension of the debt limit. if it's temporary we could still see a credit downgrade. >> we hope that does not happen. tracie potts in washington, d.c., thanks you. >> jill kelley is peaking out for the first time after the scandal that forced petraeus to resign. they wrote an opinion piece in "the washington post" denying allegation against her saying she committed no crime. in part it reads our story stands as a cautionary tale. we have experienced how careless handle of our information by law enforcement and irresponsible headlines
. >> will not vote to raise the debt ceiling unless significant efforts are made to fix the under lying problems. >> reporter: senate democrats hint theology pass a budget but not soon. >> approach that when we need to. >> reporter: the white house says even in short term the president will sign pinpoint >> the debt ceiling ought not to be a political football. >> reporter: this republican retreat with one last tanned if they can't compromise lawmakers'...
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Jan 18, 2013
01/13
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CURRENT
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for a solution on the debt ceiling. >> we've always raised the debt ceiling. we should pay our bills as the president said, we're not a dead-bet country. i'm glad they finally saw the light. we need to pay our bills and move forward. there is a stronghold of 75 republican tea party members who quite frankly do listen to the tea party in many ways, and hopefully this is a signal that they too need to understand that this should not be an issue. it should not be held honestly. hostage. we should raise the debt ceiling. that's an automatic. we should move forward and talk about how we create jobs. by creating jobs we reduce the deficit. >> jennifer: i'm take taking it as an encouraging sign that the tea party can be moved by public voices. if they can be moved on the debt ceiling of all things, maybe they could be moved on guns. you wrote in the "huffington post," advocating reducing defense spending so you can spend more money and invest in the united states. the question is in the negotiations in congress over the spending do you see that happening? >> we've go
for a solution on the debt ceiling. >> we've always raised the debt ceiling. we should pay our bills as the president said, we're not a dead-bet country. i'm glad they finally saw the light. we need to pay our bills and move forward. there is a stronghold of 75 republican tea party members who quite frankly do listen to the tea party in many ways, and hopefully this is a signal that they too need to understand that this should not be an issue. it should not be held honestly. hostage. we...
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Jan 19, 2013
01/13
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KQED
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eye 92
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they're offering up a compromise on the debt ceiling: a three month increase in the federal borrowing limit. it's expected to come to the house floor next week, but it comes with strings attached. the proposal includes a condition that house and senate lawmakers pass a budget blueprint for the coming year or go without pay. house majority leader eric cantor said it's simple. congress shouldn't be paid for failing to do its job. >> tom: next week 80 companies are scheduled to turn in their latest quarterly financial report cards. but rather than the short-term focus on the bottom line, our next guest thinks businesses need to consider all stakeholders, not just shareholders. john mackey is the co-founder and co-c.e.o. of whole foods market. he's author of "conscious capitalism: liberating the heroic spirit of business". john, why is concentrating on shareholders a myth as you call it? >> i don't know if concentrating on shareholders is a myth. i mean, most companies do concentrate on their shareholders. it's just not the best business strategy. because you have an interdependent stakeh
they're offering up a compromise on the debt ceiling: a three month increase in the federal borrowing limit. it's expected to come to the house floor next week, but it comes with strings attached. the proposal includes a condition that house and senate lawmakers pass a budget blueprint for the coming year or go without pay. house majority leader eric cantor said it's simple. congress shouldn't be paid for failing to do its job. >> tom: next week 80 companies are scheduled to turn in their...
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Jan 19, 2013
01/13
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MSNBCW
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so in other words, house republicans say they will raise the debt ceiling at least for now, raising it without actual passing of the equivalent number of spending cuts. you have to get every dollar for debt ceiling increases. they say the debt ceiling, they know it doesn't give them real leverage but gives them an opportunity to give real messaging. they wouldn't provide a show-down where they say not raising it. they come to terms with having lost the election. charles krauthammer wrote today, the general rule is from the single house of congress, you can't impose, aren't you failing the country? the country chose obama, if you want to save the republic, save the next election. if your conservative philosophy is indeed right, winning will come. joining me now, robert costa, and dave weigel, both of them doing great reporting, i appreciate you being here. robert, i want to start with you, tell me the thinking behind the three-month extension, why three months? >> a lot of it has to do public relations, i think what i heard from the retreat, and members in the room, they want to start t
so in other words, house republicans say they will raise the debt ceiling at least for now, raising it without actual passing of the equivalent number of spending cuts. you have to get every dollar for debt ceiling increases. they say the debt ceiling, they know it doesn't give them real leverage but gives them an opportunity to give real messaging. they wouldn't provide a show-down where they say not raising it. they come to terms with having lost the election. charles krauthammer wrote today,...
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Jan 16, 2013
01/13
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FOXNEWSW
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jenna: right now house democrats are announcing a new plan to eliminate the debt ceiling, claiming the gop is exploiting the issue for political gain. doug mckelway is live in washington with more on the democratic plan and the road ahead. hi, doug. >> reporter: hi, jenna. this democratic plan in a nutshell would basically do away with the statute that calls for the debt ceiling in the first place, allowing spending in effect to go up and up and up without the artificial cap that the debt ceiling is indeed. democrats are explaining this in a press conference right now as we speak, so we'll be learning a lot more about it as the day progresses. republicans obviously deeply opposed to this thing, fearful that democrats will indeed use it to allow spending to go up and up. here is senator john barrasso speaking on fox news this morning. >> we have a spending problem in this country. people all across the country know it. they know it in wyoming. families have to balance their budget every year. many states do. we do in wyoming. it is time for the senate and the house and the president to
jenna: right now house democrats are announcing a new plan to eliminate the debt ceiling, claiming the gop is exploiting the issue for political gain. doug mckelway is live in washington with more on the democratic plan and the road ahead. hi, doug. >> reporter: hi, jenna. this democratic plan in a nutshell would basically do away with the statute that calls for the debt ceiling in the first place, allowing spending in effect to go up and up and up without the artificial cap that the debt...
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Jan 22, 2013
01/13
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FBC
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melissa: tomorrow is the big day, the house vote on extending the debt ceiling. there is a catch. that means lawmakers won't get paid unless they actually pass a budget. i love it! our panel joins us with their best strategy and the outcome for both the market and the economy. don't go anywhere. more "money" coming up. ♪ twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares re, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. lori: all right. back to business in washington now republicans hold a big vote to whether or not to extend the debt limit until may. if congress doesn't pass a budget by april 15th they no longer get paid! i have no problem with tha
melissa: tomorrow is the big day, the house vote on extending the debt ceiling. there is a catch. that means lawmakers won't get paid unless they actually pass a budget. i love it! our panel joins us with their best strategy and the outcome for both the market and the economy. don't go anywhere. more "money" coming up. ♪ twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep....
WHUT (Howard University Television)
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Jan 23, 2013
01/13
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WHUT
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president obama has tacitly endorsed a house republican plan to lift the debt ceiling for the next four months. the measure would lift enforcement of the government's $16.40 trillion borrowing limit until may 18. in a statement, the white house said it would not oppose the temporary move. a house vote is expected today. protests on both sides of the reproductive rights debate were held on tuesday to mark the 40th anniversary of roe v wade, the supreme court decision that legalized abortion. dozens of opponents rallied outside the supreme court's ahead of what they say will be a larger march near capitol hill on friday. meanwhile in jackson, mississippi, abortion rights advocates held a demonstration outside of the state's lone abortion clinic which has faced repeated threats of closure. a new poll coinciding with the fourth anniversary shows national support for abortion rights is at an all-time high. a record 70% of americans oppose overturning roe v wade, and for the first time on record, a majority now believes abortion should be legal in all or most cases. two people are in custody
president obama has tacitly endorsed a house republican plan to lift the debt ceiling for the next four months. the measure would lift enforcement of the government's $16.40 trillion borrowing limit until may 18. in a statement, the white house said it would not oppose the temporary move. a house vote is expected today. protests on both sides of the reproductive rights debate were held on tuesday to mark the 40th anniversary of roe v wade, the supreme court decision that legalized abortion....
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Jan 19, 2013
01/13
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WTTG
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the debt ceiling for about two, three months because they don't -- they want to have a battle over spending with the president but not over the possibility of default. they know that would tank the economy. it would rile up the financial marks. i think they'll kick that down -- markets. i think they'll kick that down the road and have a fight over sequestration. one way or another they'll have a logger head with the president when it comes to cuts and dramatic spending. >> your power play of the week? >> reverend ruiz leon, the church of the president. i've lived in washington 30 plus years and never been inside the church, driven past it plenty. beautiful place. presidents have gone there since 1816. president obama will go there for his preinaugural worship service monday. >> speaking of inauguration, big plans for ask you? are you attending any balls? >> thank god, no. i'm way too old for that. the inaugural ball has the best name and the worst reality of anything i know in washington, but i will cover the inaugural ceremony. i'm very excited about that. >> as will we. we'll see you this
the debt ceiling for about two, three months because they don't -- they want to have a battle over spending with the president but not over the possibility of default. they know that would tank the economy. it would rile up the financial marks. i think they'll kick that down -- markets. i think they'll kick that down the road and have a fight over sequestration. one way or another they'll have a logger head with the president when it comes to cuts and dramatic spending. >> your power play...
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Jan 15, 2013
01/13
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FOXNEWSW
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house speaker john boehner says the consequences of failing to increase the debt ceiling are real but so, too, are the consequences of allowing our spending problem to go unresolved. utah republican congressman mike lee says not facing the spending problem could be the worse outcome. >> we are going to face another credit rating downgrade i fear if we raise it reflectively without changing the way washington spends money and more importantly the way washington borrows money. >> republicans feels they have the leverage to raise r have spending cuts. >> we are living longer but we are work longer. we looked at the number of older americans who were still pulling in paychecks. the group found over the last two decades the number of workers who were 75 years old at least has gone up by nearly 77 percent. not all of them are doing it just because of money. people are finding a lot of reasons to work in their 70s and 80s. >> we are healthier than we used to be. a lot of people are working for that reason they are also working because they are worried about medical costs going forward. they
house speaker john boehner says the consequences of failing to increase the debt ceiling are real but so, too, are the consequences of allowing our spending problem to go unresolved. utah republican congressman mike lee says not facing the spending problem could be the worse outcome. >> we are going to face another credit rating downgrade i fear if we raise it reflectively without changing the way washington spends money and more importantly the way washington borrows money. >>...
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Jan 15, 2013
01/13
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KPIX
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earlier, at that white house news conference, the president called on congress to raise the debt ceiling so the country can pay its bills. >> we have to do something sensible and we shouldn't be doing this on a one to three- month time frame. why would we do that? this is the united states ofajor america, major.in we can't manage our affairs in our such a way that we pay our bills and provide certainty in terms of how we pay our bills. i don't think anybody would consider my position unreasonable here. >> pelley: speaker john boehner said the republican-controlled house will pass what he called "responsible legislation." but he said the american people do not support raising the debt ceiling without cutting government spending. we have learned tonight that former cycling champion lance armstrong is in discussions to return a part of the millions of dollars that his team received from the u.s. postal service. and he has indicated a willingness to testify against others involved in illegal doping. armstrong's u.s. postal sponsorship prohibited doping. last year armstrong was stripped of hi
earlier, at that white house news conference, the president called on congress to raise the debt ceiling so the country can pay its bills. >> we have to do something sensible and we shouldn't be doing this on a one to three- month time frame. why would we do that? this is the united states ofajor america, major.in we can't manage our affairs in our such a way that we pay our bills and provide certainty in terms of how we pay our bills. i don't think anybody would consider my position...
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Jan 23, 2013
01/13
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FOXNEWSW
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decision day for the debt ceiling as house republicans prepare to vote on a short-term raise to the nation's borrowing limit. also on the line, a measure that would force the senate to pass a budget, or give up their paychecks. joining me is house majority whip kevin mccarthy. good morning to you. >> good morning, thank you for having me. >> gretchen: have you ever thought about being a football coach because i understand that in front of the gop conference yesterday, you got a standing ovation for your locker room half time speech. what did you do? >> well, it was talking about where we want to take this country. we want to put us on a path to a balanced budget. we want to move this country for greater opportunity. you can have a place where there is not 13 million people unemployed. i think you saw a team effort that we're united behind making sure no budget, no pay, moves through this house and gets the senate once and for all to do a budget. how can you ever plan for the future if the number one thing you're supposed to do as elected official, they can't do? >> gretchen: it's interesting
decision day for the debt ceiling as house republicans prepare to vote on a short-term raise to the nation's borrowing limit. also on the line, a measure that would force the senate to pass a budget, or give up their paychecks. joining me is house majority whip kevin mccarthy. good morning to you. >> good morning, thank you for having me. >> gretchen: have you ever thought about being a football coach because i understand that in front of the gop conference yesterday, you got a...
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Jan 18, 2013
01/13
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WUSA
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house republicans say they are prepared to raise the roof on the debt ceiling for another three months, a bit of a breather. in return they want guarantees from democrats that congress will work quickly to pass a budget so it can focus how to bring down the nation's debt. >>> security will certainly be tight near the capitol for the upcoming inauguration and the coastguard will keep a close eye on the rivers through the city. increased security is in place on the potomac between the key bridge and reagan national airport already. on the anacostia patrols will extend from the 14th street bridge to the 295 bridge, but from sunday through tuesday water traffic along those waterways will be closed entirely for 48 hours. >>> while the president's been working on his speech his staff has had to respond to a petition signed by 34,000 people demanding that the government build a death star, that is, death star as in the ds1 orbital battle station, you know, the one from star wars. maybe that's why the white house is changing the rules for those online petitions and bruce leshan is here to tell
house republicans say they are prepared to raise the roof on the debt ceiling for another three months, a bit of a breather. in return they want guarantees from democrats that congress will work quickly to pass a budget so it can focus how to bring down the nation's debt. >>> security will certainly be tight near the capitol for the upcoming inauguration and the coastguard will keep a close eye on the rivers through the city. increased security is in place on the potomac between the...
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Jan 19, 2013
01/13
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WJZ
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they're offering up a compromise on the debt ceiling: a three month increase in the federal borrowing limit. it's expected to come to the house floor next week, but it comes with strings attached. the proposal includes a condition that house and senate lawmakers pass a budget blueprint for the coming year or go without pay. house majority leader eric cantor said it's simple. congress shouldn't be paid for failing to do its job. >> tom: next week 80 companies are scheduled to turn in their latest quarterly financial report cards. but rather than the short-term focus on the bottom line, our next guest thinks businesses need to consider all stakeholders, not just shareholders. john mackey is the co-founder and co-c.e.o. of whole foods market. he's author of "conscious capitalism: liberating the heroic spirit of business". john, why is concentrating on shareholders a myth as you call it? >> i don't know if concentrating on shareholders is a myth. i mean, most companies do concentrate on their shareholders. it's just not the best business strategy. because you have an interdependent stakeh
they're offering up a compromise on the debt ceiling: a three month increase in the federal borrowing limit. it's expected to come to the house floor next week, but it comes with strings attached. the proposal includes a condition that house and senate lawmakers pass a budget blueprint for the coming year or go without pay. house majority leader eric cantor said it's simple. congress shouldn't be paid for failing to do its job. >> tom: next week 80 companies are scheduled to turn in their...
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Jan 17, 2013
01/13
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FOXNEWSW
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ceiling and thereby cause an economic catastrophe by making the country default on its debts. >> house republicans if anything are more determined than ever to tie any increase in the debt crilg to spending cuts. they are huddled away at their retreat in williamsburg, virginia as we speak. determined to present a united front against this. in fact, the theme, they are gathering down in williamsburg is many voices. one conference. a senate republicans are equally determined, listen up to senator john have speaking earlier today on fox news. >> we have a spending problem in this country. people all across the country know it they know it in wyoming. families have to balance their budget every year. many states do. we do in wyoming. it's time for this senate and the house and the president to get serious about limiting our spending and specifically the wasteful spending that continues. >> so bottom line, bill, both parties have staked out oppositions virtually identical to the positions they staked out during the last debt ceiling fight. no signs of bipartisanship ever. >> we mentioned th
ceiling and thereby cause an economic catastrophe by making the country default on its debts. >> house republicans if anything are more determined than ever to tie any increase in the debt crilg to spending cuts. they are huddled away at their retreat in williamsburg, virginia as we speak. determined to present a united front against this. in fact, the theme, they are gathering down in williamsburg is many voices. one conference. a senate republicans are equally determined, listen up to...
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67
Jan 23, 2013
01/13
by
FBC
tv
eye 67
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coming up, house republicans have a plan for the debt ceiling. they may want to be careful what they wish for. next, what was once considered the best investments out there not performing. we take a look get next. >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most comprehensive identity theft protection available today... lifelock ultimate. so for protection you just can't get anywhere else, get lifelock ultimate. >> i didn't know how serious identity theft was until i lost my credit and eventually i lost my home. >> announcer: credit monitoring is not enough, beca
coming up, house republicans have a plan for the debt ceiling. they may want to be careful what they wish for. next, what was once considered the best investments out there not performing. we take a look get next. >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little...
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Jan 15, 2013
01/13
by
CSPAN
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eye 67
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so as you say now that you're not going to negotiate on the debt ceiling this year, why should house republicans take that seriously and think that if we get to the one-minute-to- midnight scenario, that you're not going to back down? >> well, first of all, julianna, let's take the example of this year and the fiscal cliff. i didn't say that i would not have any conversations at all about extending the bush tax cuts. what i said was we weren't going to extend bush tax cuts for the wealthy -- and we didn't. now, you can argue that during the campaign i said -- i set the criteria for wealthy at $250,000 and we ended up being at $400,000. but the fact of the matter is millionaires, billionaires are paying significantly more in taxes, just as i said. so from the start, my concern was making sure that we had a tax code that was fair and that protected the middle class, and my biggest priority was making sure that middle-class taxes did not go up. the difference between this year and 2011 is the fact that we've already made $1.2 trillion in cuts. and at the time, i indicated that there wer
so as you say now that you're not going to negotiate on the debt ceiling this year, why should house republicans take that seriously and think that if we get to the one-minute-to- midnight scenario, that you're not going to back down? >> well, first of all, julianna, let's take the example of this year and the fiscal cliff. i didn't say that i would not have any conversations at all about extending the bush tax cuts. what i said was we weren't going to extend bush tax cuts for the wealthy...
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86
Jan 16, 2013
01/13
by
FBC
tv
eye 86
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up next, scare tactics trying to back republicans into going along with the debt ceiling increase. we willake up the impact in tonight's "chalk talk." and the administration looking to enact sweeping immigration reforms in a mass of new the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone but her likes 50% more cash, but i have an idea. do you want a princess dress? yes. cupcakes? yes. do you want an etch-a-sketch? yes! do you want 50% more cash? no. you got talent. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. what's in your wallet? i usually say that. >> america cannot afford another debate with this congress about whether they should pay the bells they have wracked up. if congressional republicans refuse to pay america's bills on time, social security checks and velveterans benefits checks wile delayed. lou: social security and veteran's benefits? that is the president resorta to spa
up next, scare tactics trying to back republicans into going along with the debt ceiling increase. we willake up the impact in tonight's "chalk talk." and the administration looking to enact sweeping immigration reforms in a mass of new the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone but her likes 50% more cash, but i have an idea. do you want a princess dress? yes. cupcakes? yes. do you want an etch-a-sketch? yes! do...
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109
Jan 16, 2013
01/13
by
FBC
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eye 109
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up next, scare tactics trying to back republicans into going along with the debt ceiling increase. we will take up the impact in tonight's "chalk talk." and the administration looking to enact sweeping immigration reforms in a mass of new laws. we will talk to our guest coming up next. >> this year 3000 people officemax has exactly the ink... your business needs... at prices that keep you...out of the red. this week get a bonus $15 itunes gift card with any qualifying $75 ink purchase. find thousands of big deals now... at officemax. that your mouth is under attack, from fd particles and bacteria. try fixodent. it helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. >> america cannot afford another debate with this congress about whether they should pay the bells they have wracked up. if congressional republicans refuse to pay america's bills on time, social security checks and velveterans benefits checks wile delayed. lou: social security and veteran's benefits? that is the president resorta to spare tactics, trying t
up next, scare tactics trying to back republicans into going along with the debt ceiling increase. we will take up the impact in tonight's "chalk talk." and the administration looking to enact sweeping immigration reforms in a mass of new laws. we will talk to our guest coming up next. >> this year 3000 people officemax has exactly the ink... your business needs... at prices that keep you...out of the red. this week get a bonus $15 itunes gift card with any qualifying $75 ink...